The CEO of Microstrategy predicts that the price of Bitcoin will reach USD 6 million – Market and Price Bitcoin News


The CEO of Microstrategy expects the price of Bitcoin to reach $6 million, noting that it is “unstoppable” and will replace gold.Executive officer He personally owns 17,732 bitcoins, while his company holds 122,478 bitcoins.

Microstrategy CEO expects Bitcoin to reach $6 million

Microstrategy CEO Michael Saylor talked about his Bitcoin strategy and Bitcoin Price predictions from recent interviews with The Information released this week.

Saylor revealed that he personally owns at least 17,732 Bitcoins, which is The same amount He revealed in October last year.At present Bitcoin Price, his Bitcoin collection is worth nearly 858 million U.S. dollars.

The Microstrategy executive has never sold any of his bitcoins and does not think they should be sold. In addition, the information reports:

Saylor predicts that Bitcoin will reach US$600,000 each and eventually reach US$6 million.

At the same time, Microstrategy has accumulation 122,478 Bitcoin, Which is worth nearly 6 billion U.S. dollars at current prices. According to the company’s “Investor Day” speech last week, the average purchase price of these coins was US$29,861 and the cost was US$3.7 billion.

Microstrategy describes itself as “the world’s largest Bitcoin listed company holder and the first listed company to adopt Bitcoin as its main treasury reserve asset.” Its corporate strategy is “long-term acquisition and holding of Bitcoin” and ” Buy Bitcoin through the use of excess cash flow and debt and equity transactions”.

In November last year, Saylor stated that Bitcoin is “unstoppable” 100 trillion USD asset class. “The CEO said many times Bitcoin Will replace gold.He stated earlier this month: “Once upon a time, gold was the most ideal means of holding value. Now Bitcoin is Replace it. “

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What do you think of Michael Saylor’s Bitcoin price prediction? Please let us know in the comments section below.

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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